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6. Fox Company manufactures a specialty line of belts. The company uses a job-order costing system....
4. Charlie Company manufactures a specialty line of shirts. The company uses a job-order costing system. During the month, the following costs were incurred on Job 101: Direct materials $2,500 Direct labor $1,500. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 101 required 175 MHs. In addition, selling and shipping costs of $11,000 were incurred on all shirts delivered to customers during the month. If Job 101 consisted of 3,000 shirts, the cost of...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. A. Materials were purchased on account in December for $54,000 B. Materials were requisitioned...
I only need help on the last two. The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. A. Materials were purchased on account...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
Madtack Company uses a job-order costing system and started the month of March with only one job in process (Job #359). This job had $5,000 of total cost assigned to it at the beginning of March. Madtack applies overhead to jobs at a rate of 175% of direct labor cost. During March, Madtack assigned production costs as follows to the jobs worked on during the month: Job #359 Job #360 Job #361 direct materials .......... $1,000 $5,000 $3,000 direct labor...
The Film Company uses a job-order costing system. The following
information pertains to the company's activities for the month of
December:
On December 1, the company had two jobs in work in process as
follows: Job 6 $20,000 and Job 8 $14,000
On December 1, the company had job in Finished Goods as follows:
Job 10 $50,000
Jobs 12 and 13 were started during the month.
Materials were purchased on account in December for $54,000
Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. A. Materials were purchased on account in December for $54,000 B. Materials were requisitioned...
Dillon Products manufactures various machined parts to customer
specifications. The company uses a job-order costing system and
applies overhead costs to jobs on the basis of machine-hours. At
the beginning of the year, the company used a cost formula to
estimate that it would incur $4,170,000 in manufacturing overhead
cost at an activity level of 556,000 machine-hours. The company
spent the entire month of January working on a large order for
8,900 custom made machined parts. The company had no...
this is all the information
Lauren Company uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2020, Lauren estimated the overhead for the year would be $720,000 and that production would use 90,000 machine hours. The following information relates to the month of August Job 125 Job 126 Job 127 $10.000 $14,000 SO $15.000 $24,000 $20,000 $31.000 Work in process, August 1 Direct materials cost Direct labor costs Actual direct labor...